West Nusa Tenggara's Economy Grows 7.39% in Q3 2026, Driven by Mining Sector
West Nusa Tenggara's Economy Grows 7.39% in Q3 2026, Driven by Mining Sector
06 Nov 2026, 02:39 PM 51

Statistics Indonesia (BPS) reported that the economy of West Nusa Tenggara (NTB) grew by 7.39% year-on-year (YoY) in the third quarter of 2026.Head of BPS West Nusa Tenggara, Wahyudin, explained that from the production side, the mining and quarrying sector was the main driver of annual economic growth, recording an increase of 30.23%. Meanwhile, the manufacturing sector posted the highest quarter-on-quarter growth at 55.79%.From the expenditure side, exports of goods and services increased by 31.37% year-on-year and 53.05% cumulatively."This performance was primarily supported by the optimization of smelter operations and the continuation of the copper concentrate mining production cycle. Increased activity in the metal processing industry also strengthened the contribution of exports to West Nusa Tenggara's economy," Wahyudin said on Thursday (November 5, 2026).In addition, NTB's strong economic growth was supported by improving employment conditions and a higher quality of life for its residents. The Open Unemployment Rate (TPT) declined to 3.03%, while the Human Development Index (HDI) increased to 74.73, placing the province in the high human development category.These achievements reflect positive progress in NTB's development, demonstrated not only by economic activity but also by improvements in public welfare.NTB's Gross Regional Domestic Product (GRDP) at current prices reached IDR 56.50 trillion in the third quarter of 2026, while GRDP at constant 2010 prices stood at IDR 31.06 trillion.On a quarterly basis, NTB's economy expanded by 3.90% compared with the second quarter of 2026. Meanwhile, cumulative economic growth from the first through the third quarter of 2026 reached 9.37% compared with the same period in the previous year.Economic improvements were also reflected in employment conditions. According to the August 2026 National Labor Force Survey (Sakernas), NTB's labor force reached 3.24 million people, an increase of 40,150 compared with August 2025.The number of employed residents stood at 3.15 million, representing an increase of 39,760 people over the past year.During the same period, the Open Unemployment Rate declined to 3.03%, down 0.03 percentage points from August 2025.The agriculture, forestry, and fisheries sector remained the largest source of employment, accounting for 1.07 million workers, or 34.06% of the province's total employed population.Employment growth was also recorded in the mining, manufacturing, accommodation, and food and beverage service sectors.The quality of employment also showed improvement. The number of formal workers reached 1 million people, representing 31.94% of the employed population, an increase of 0.36 percentage points compared with the previous year.

Indonesia Pushes Downstream Nickel Investment Amid Proposed Smelter Moratorium
Indonesia Pushes Downstream Nickel Investment Amid Proposed Smelter Moratorium
05 Nov 2026, 02:31 PM 78

Indonesia's Ministry of Investment and Downstream Industry/BKPM has responded to growing concerns over an oversupply of nickel products in the international market and the Ministry of Energy and Mineral Resources' (ESDM) proposed moratorium on smelters producing intermediate nickel products.Deputy for Strategic Investment Downstreaming at the Ministry of Investment/BKPM, Heldy Satrya Putera, said the proposed moratorium on intermediate-product smelters forms part of efforts to strengthen governance of Indonesia's nickel industry following the implementation of the nickel ore export ban."Concerns over an oversupply have emerged. The abundance of these products needs to be thoroughly assessed. The government's commitment is to develop a complete downstream ecosystem so that the supply can be absorbed by further processing industries within the country," Heldy said after the BRIN Critical Minerals Forum in Jakarta on Thursday (November 5, 2026).Heldy emphasized that the government is encouraging the development of advanced nickel-based manufacturing industries, covering both the stainless steel supply chain and the electric vehicle (EV) battery ecosystem. The initiative is considered essential to maintaining stability in global nickel prices.Regarding national investment realization, Indonesia recorded IDR 528.7 trillion in investment in the third quarter of 2026. Cumulatively, investment realization from January to September 2026 reached IDR 1,539.2 trillion, equivalent to 75.4% of the annual target."From an investment perspective, we continue to encourage the development of downstream industries so that the oversupply of nickel can be fully absorbed into end products, preventing further price declines," Heldy said.Responding to the Ministry of Energy and Mineral Resources' proposed reduction in nickel production allocations under the 2027 Mining Work Plan and Budget (RKAB), Heldy confirmed that his ministry continues to coordinate with relevant authorities to minimize investor concerns.Previously, Director General of Mineral and Coal at the Ministry of Energy and Mineral Resources, Tri Winarno, confirmed that adjustments involving reductions to nickel production quotas would be introduced in 2027 to manage market supply.Minister of Energy and Mineral Resources Bahlil Lahadalia also highlighted the impact of Indonesia's excess nickel production on global prices, noting that nickel prices had fallen below USD 16,000 per tonne.According to Bahlil, global nickel consumption stands at approximately 3.5 million tonnes, while Indonesia contributes an estimated 700,000 to 800,000 tonnes to the global oversupply.Bahlil stressed the importance of halting new permits for smelters producing intermediate nickel products. Although Indonesia's nickel export value has increased significantly from USD 3.3 billion in 2017 to approximately USD 38–40 billion in 2026, around 50–60% of domestic smelter output still consists of semi-finished materials that are exported and subsequently reimported as finished products."It is important for the government to determine which industries should continue to develop and which should be subject to a moratorium, ensuring that the management of national natural resources remains measured and sustainable," Bahlil stated.

Global Nickel Prices Rise 3% Amid Indonesia's Mining Crackdown
Global Nickel Prices Rise 3% Amid Indonesia's Mining Crackdown
05 Nov 2026, 02:27 PM 108

Global nickel prices surged to their highest level in more than five weeks on Thursday (November 5, 2026), driven by market concerns over potential supply tightening after Indonesia announced plans to take action against companies affiliated with a major nickel ore trader.Citing Reuters, the three-month nickel contract on the London Metal Exchange (LME) rose 3% to USD 16,255 per tonne in official trading. Earlier in the session, nickel prices reached USD 16,360 per tonne, their highest level since September 28, 2026.Meanwhile, the most actively traded nickel contract on the Shanghai Futures Exchange (SHFE) closed 5.3% higher at 122,550 yuan, equivalent to approximately USD 18,375 per tonne. The price marked a two-week high and the largest daily increase since January.The positive market sentiment followed an announcement by Indonesia's forestry task force that it would take action against companies owned by or affiliated with businessman Arif Kurniawan. The companies are suspected of operating illegally in forest areas.The task force also identified potential irregularities in mining governance, including licensing procedures and the issuance of mining permits. Several local media reports identified Kurniawan as a former Glencore trader who reportedly controls a significant portion of Indonesia's nickel ore trading activities.Meanwhile, nickel producers in Indonesia have faced rising production costs and tighter mining quotas throughout the year. These conditions have prompted several producers to implement coordinated production cuts.Macquarie analysts forecast that Indonesia's total exports of nickel and its derivative products will decline by approximately 6% this year, a larger decrease than previously projected."With the market now focusing on nickel ore quotas for 2027," Macquarie analysts wrote in a note discussing Indonesia.Market attention toward next year's production quota policies could influence the outlook for global nickel supply. As one of the world's leading nickel producers, changes in Indonesia's mining policies could affect the balance of global nickel supply and international nickel prices.Meanwhile, other industrial metals also recorded gains. Copper prices edged up 0.1% to USD 14,025 per tonne. A weaker US dollar also supported prices of metal commodities traded in the greenback.In China, the world's largest metals consumer, the Yangshan premium for imported copper increased to USD 210 per tonne, matching the record high last recorded in 2013.Aluminium prices rose 1.6% to USD 3,097 per tonne, while zinc gained 0.9% to USD 3,840 per tonne. Lead increased 0.9% to USD 1,898 per tonne, and tin climbed 1.7% to USD 47,775 per tonne.

Freeport Open to Potential DSI Role in Copper Exports
Freeport Open to Potential DSI Role in Copper Exports
04 Nov 2026, 02:34 PM 69

PT Freeport Indonesia (PTFI) has expressed its readiness to support the potential expansion of PT Danantara Sumberdaya Indonesia's (DSI) role in improving natural resource export governance to include copper commodities.PTFI President Director Tony Wenas explained that DSI is expected to play a strategic role as an export agent for Indonesia's natural resource commodities. According to Tony, DSI's involvement would not necessarily extend the distribution chain or add bureaucratic procedures."If it is beneficial for the country, then it is a positive development, as long as it does not extend the distribution chain. DSI would not add bureaucratic layers, as its role is to serve as an export agent," Tony said during the Minerba Convention & Exhibition (Convex) 2026 on Tuesday (November 3, 2026).Tony explained that PTFI's copper export mechanism has been relatively straightforward, as the pricing and specifications of its products follow internationally recognized standards.He noted that PTFI's copper selling prices are benchmarked against the London Metal Exchange (LME), while its copper products have a purity level of 99.99%.Furthermore, Tony stated that PTFI's copper trading arrangements have traditionally involved direct transactions between the company and its buyers. Copper shipments are also delivered directly to customers without passing through transit countries.He therefore believes that incorporating copper exports into DSI's oversight mechanism would not create significant issues in verifying product prices or quality."If exports are required to go through an export agent, whether DSI or another entity, there should be no issue," Tony concluded.Previously, DSI emphasized that it does not have regulatory or law enforcement authority over Indonesia's strategic commodity export monitoring mechanisms.Instead, DSI will be responsible for identifying potential anomalies in export transactions before referring its findings to the relevant government authorities.DSI President Director Luke Thomas Mahony explained that the authority to investigate and take enforcement action against suspected export violations remains with regulatory institutions, including the Ministry of Energy and Mineral Resources (ESDM), the Directorate General of Taxes, and the Directorate General of Customs and Excise under the Ministry of Finance.According to Mahony, DSI will carry out trade monitoring and data analysis to identify potential discrepancies in export transactions.If an anomaly is detected, DSI will first seek clarification from the exporter involved before referring the matter to the relevant authorities."We are not a regulatory institution. We do not conduct law enforcement or investigations. Those responsibilities remain with the regulators," Mahony stated.

Indonesia's Power Sector Projects 174 Million Tonnes of Coal Demand in 2027
Indonesia's Power Sector Projects 174 Million Tonnes of Coal Demand in 2027
04 Nov 2026, 02:28 PM 81

PT PLN Energi Primer Indonesia (PLN EPI) has projected that coal-fired power plants (PLTU) operated by PLN Group and independent power producers (IPPs) will require approximately 173.83 million tonnes of coal in 2027.PLN EPI Acting President Director Rakhmad Dewanto explained that PLN Group's power plants are expected to require approximately 83.84 million tonnes of coal, while privately operated power plants will need around 75.99 tonnes."Next year, our coal demand is estimated at around 174 million tonnes, comprising approximately 89 million tonnes of medium-rank coal and 76 million tonnes of low-rank coal," Rakhmad said during the Minerba Convention & Exhibition (Convex) 2026 on Tuesday (November 3, 2026).In detail, PLN Group's coal-fired power plants are projected to require 51.6 million tonnes of medium-rank coal (MRC), 37.72 tonnes of low-rank coal (LRC), and approximately 8.51 million tonnes of high-rank coal (HRC).Meanwhile, IPP-operated power plants are expected to require 37.54 million tonnes of medium-rank coal and 38.45 million tonnes of low-rank coal."Based on the design of our power plants, approximately 50% to 60% of coal demand is for medium-rank coal," Rakhmad explained.Rakhmad further revealed that Indonesia holds approximately 4.54 billion tonnes of medium-rank coal reserves and 3.4 billion tonnes of high-rank coal reserves, with the remaining reserves predominantly consisting of low-rank coal.He noted that this presents a challenge in meeting coal supply requirements for power generation, as Indonesia's low-rank coal reserves are significantly larger than its medium-rank coal reserves, despite power plants requiring a substantial proportion of medium-rank coal."To address this, we are working to adjust and upgrade our power plants. For example, we are trying to lower the calorific value requirements of plants that previously required higher-calorie coal," he said.Previously, the Ministry of Energy and Mineral Resources (ESDM) reported that PLN's total coal requirements ranged between 152 million and 154 million tonnes annually.Director General of Mineral and Coal at the Ministry of Energy and Mineral Resources, Tri Winarno, stated that the government had assigned mining companies to supply coal to PLN's coal-fired power plants to meet domestic demand.According to Tri, the assignments were intended to ensure adequate and sustainable coal supplies for PLN's power generation operations."To meet PLN's requirement of 154 million metric tonnes, we have assigned mining companies a total supply volume of 212 million metric tonnes," Tri said in an official statement cited on Sunday (July 12, 2026).The Directorate General of Mineral and Coal continues to coordinate with PLN EPI and mining companies to ensure coal deliveries to power plants are made on schedule, in the required volumes, and in accordance with technical specifications."The government continues to ensure that PLN's coal requirements for the second half of 2026 are fulfilled according to schedule and power plant specifications. Therefore, coordination and the acceleration of contract finalization must continue," Tri emphasized.

Indonesia Advances Rare Earth Exploration in West Sulawesi
Indonesia Advances Rare Earth Exploration in West Sulawesi
04 Nov 2026, 02:24 PM 105

PT Perusahaan Mineral Nasional (Perminas) has obtained a Mining Business License (IUP) for rare earth elements (REE) exploration from Indonesia's Ministry of Energy and Mineral Resources (ESDM). The exploration permit covers a critical mineral mining area in Mamuju, West Sulawesi, which is divided into two blocks.Perminas Director of Technology and Business Development La Ode Tarfin Jaya explained that the exploration license was issued in July 2026, followed by the approval of the company's exploration Work Plan and Budget (RKAB) in August 2026. Perminas is currently conducting closely spaced infill drilling activities across a 200-hectare focus area within the concession."For Mamuju, we have obtained an Exploration Mining Business License from the government, specifically through the Ministry of Energy and Mineral Resources and its Directorate General of Mineral and Coal. The exploration permit was issued in July, followed by the approval of the exploration RKAB in August. Our exploration activities cover approximately two blocks, each spanning 100 hectares, bringing the total to 200 hectares," La Ode said on the sidelines of the Minerba Convention & Exhibition (Convex) 2026 at JIExpo, as quoted on Wednesday (November 4, 2026).Drilling activities in Mamuju have currently reached 72 drilling points, reportedly representing approximately 10% of the total target of 200 points. The drilling program aims to refine preliminary geological data previously collected by the Geological Agency under the Ministry of Energy and Mineral Resources, allowing Perminas to reassess estimates of mineral resources and reserves in the area."We are currently conducting closely spaced infill drilling across the 200-hectare area. So far, we have completed approximately 10% of the program, covering 72 drilling points with a spacing of 50 by 50 meters. This is necessary to provide more detailed information based on the work previously carried out by the Geological Agency," he explained.Although the volume of rare earth reserves in Mamuju has not yet been determined, the area's rare earth mineralization is characterized as an ion-adsorption clay type. According to La Ode, this type is classified as a primary rare earth deposit, similar to deposits found in Bayan Obo, China; Myanmar; and Caldeira, Brazil."The rare earth elements in Mamuju are characterized by the ion-adsorption clay type. This is similar to what can be found in Bayan Obo in China, Myanmar, or Caldeira in Brazil. These are classified as primary rare earth deposits," he stated.The development and management of the 7,300-hectare critical mineral concession in Mamuju are being carried out under a priority assignment from the Indonesian government. Perminas has also expressed its readiness to manage additional concession areas should the government issue further assignments."At present, we have 7,300 hectares in Mamuju across two blocks. If the government assigns us additional areas, our team is ready. That is our position. We are simply waiting for further assignments," La Ode concluded.

Indonesia's Mining Non-Tax Revenue Reaches Rp141 Trillion in 2026
Indonesia's Mining Non-Tax Revenue Reaches Rp141 Trillion in 2026
03 Nov 2026, 02:36 PM 64

Indonesia's Coordinating Minister for Downstreaming and Energy Transition, Bahlil Lahadalia, has set a target for non-tax state revenue (PNBP) from the mineral and coal mining sector to reach IDR 160–165 trillion by the end of 2026. As of October 1, 2026, mining sector PNBP had reached IDR 141 trillion.Bahlil, who also serves as Minister of Energy and Mineral Resources (ESDM), explained that the increase in state revenue would be supported by contributions from domestic mining companies. According to him, cooperation between the business sector and the government has consistently contributed to higher state revenue from mining activities."Our PNBP in 2025 was approximately IDR 130 trillion to IDR 135 trillion, and as of October 1 this year, it has already exceeded IDR 141 trillion. We are targeting IDR 160–165 trillion by the end of 2026," Bahlil said during the Minerba Convention & Exhibition (Convex) 2026 at JIExpo on Monday (November 2, 2026).The increase in state revenue has been supported by adjustments to the Mining Work Plan and Budget (RKAB) policy, aimed at maintaining a balance between global supply and demand.Indonesia accounts for approximately 43% of global coal trade, supplying around 540 million tonnes out of the total 1.3 billion tonnes traded worldwide. According to Bahlil, the country's coal export quota management strategy has helped push the price of coal with a calorific value of 6,333 kcal/kg to USD 154 per tonne."Rather than allowing foreign markets to determine our prices, we should recognize that our 540 million tonnes account for 43% of global coal supply. Therefore, we need to maintain a balance between supply and demand by reducing RKAB production quotas. What happened as a result? Coal prices have now reached USD 154 per tonne for coal with a calorific value of 6,333 kcal/kg. This is our strategy," he explained.The government also plans to strictly implement production quota adjustments through the RKAB mechanism for nickel commodities.According to government data, global nickel demand stands at approximately 3.5 million tonnes annually. However, the market is currently experiencing an oversupply approaching 800,000 tonnes due to high production volumes."Director General, I believe the strategy of managing supply and demand through RKAB must also be implemented for nickel. I will take responsibility for this decision in the interest of the nation. Do not hesitate. I understand that there will be objections," Bahlil emphasized.

Samindo Resources Posts 53% Surge in Net Profit Through Q3 2026
Samindo Resources Posts 53% Surge in Net Profit Through Q3 2026
02 Nov 2026, 04:25 PM 280

PT Samindo Resources Tbk (MYOH), an Indonesian coal mining services company, reported a net profit of USD 17.47 million for the first nine months of 2026, marking a 53% increase from USD 11.42 million in the same period last year."The profit achievement was 17% above the company's target of USD 14.89 million," Samindo Resources Corporate Secretary Ahmad Zaki Natsir said in an official statement issued in Jakarta on Monday.Ahmad Zaki attributed the 53% increase in net profit through September 2026 to the company's strong operational execution, including improved heavy equipment availability, favorable weather conditions, and effective cost management across its mining operations.The growth was also supported by higher productivity across the company's core mining services, including overburden removal, coal getting, and coal hauling, all of which consistently exceeded their operational targets for the year."With additional heavy-duty dump trucks now in operation and an increase in contract volumes of 1 million bank cubic meters (bcm) for overburden removal and 1 million tonnes of coal from our main client, we are highly optimistic that this positive growth trend will continue through the end of 2026," Ahmad Zaki added.He explained that overburden removal reached 28.32 million bank cubic meters (bcm) during the first nine months of 2026, up 23% from 23.04 million bcm in the same period last year. The figure also exceeded the company's operational target of 25.59 million bcm by 11%.Meanwhile, coal production volume increased 11% to 4.20 million tonnes between January and September 2026, compared with 3.76 million tonnes in the first nine months of 2025, exceeding the company's target by 13%.Coal hauling operations also recorded positive growth, with transported volumes reaching 18.24 million tonnes, up from 17.71 million tonnes in the corresponding period last year and exceeding the company's operational target.According to Ahmad Zaki, the above-target operational performance was supported by more favorable mining conditions, including fewer hours of rainfall, shorter hauling distances within the mining pits, improved heavy equipment availability, and the company's continued achievement of zero fatalities.Samindo Resources is an investment holding company primarily focused on providing coal mining services through its six subsidiaries.

AMMN Doubles Processing Plant Capacity to 85 Million Tonnes per Year
AMMN Doubles Processing Plant Capacity to 85 Million Tonnes per Year
31 Oct 2026, 04:21 PM 444

PT Amman Mineral Internasional Tbk (AMMN) has expanded its ore processing capacity from approximately 40 million tonnes to 85 million tonnes per year. The expansion adds around 45 million tonnes of annual processing capacity, representing a 112.5% increase from its previous capacity.In its third-quarter 2026 performance report, published through a regulatory disclosure, AMMN stated that the capacity expansion is intended to support ore processing from Phase 8 of the Batu Hijau mine and the Elang project, which is currently under development.Before the expansion, AMMN's ore processing capacity stood at approximately 40 million tonnes per year. Following the upgrade, the concentrator's ore processing capacity has increased to approximately 85 million tonnes annually.Management reported that commissioning of the expanded facilities is progressing as planned, with the first ore processed at the expanded concentrator in mid-August 2026."We have expanded our concentrator plant to increase ore processing input capacity to approximately 85 million tonnes per year. This additional capacity will support future ore processing from Batu Hijau Phase 8 and Elang to meet growing demand for our products. Commissioning is progressing as planned, with the first ore processed at the concentrator in mid-August 2026," management stated in the report.The expansion forms part of AMMN's strategy to sustain production at the Batu Hijau mine while preparing processing infrastructure for the future development of the Elang project.In terms of operational performance, AMMN processed 32 million tonnes of ore during the January–September 2026 period, up 38% from 23 million tonnes in the same period last year.The increase in ore processing also contributed to higher copper concentrate production. During the first nine months of 2026, concentrate output reached 580,713 dry metric tonnes, an 87% year-on-year increase.Copper production contained in concentrate reached 332 million pounds, up 129% compared with the same period last year. Meanwhile, gold production contained in concentrate surged 616% to 541,337 ounces.The concentrator expansion also supports AMMN's plans for the Elang mine development. The company is targeting a Final Investment Decision (FID) for the project in 2027, with first ore production expected in 2031 or 2032.Meanwhile, the Batu Hijau mine is expected to remain operational until 2031 or 2032. Processing of stockpiled ore is projected to continue until 2033 or 2034, potentially extending beyond that period.With its concentrator capacity expanded to 85 million tonnes per year, AMMN is strengthening its processing capabilities to support long-term production from Batu Hijau Phase 8 and the future development of the Elang mine.

Freeport to Invest IDR 101.57 Trillion in Kucing Liar Mining Project
Freeport to Invest IDR 101.57 Trillion in Kucing Liar Mining Project
31 Oct 2026, 04:11 PM 553

PT Freeport Indonesia (PTFI) is reviewing the operational timeline for its Kucing Liar underground mining project in the Grasberg mining complex, Central Papua. The company has invested approximately USD 1.6 billion (IDR 29.02 trillion) as of September 30, 2026, and plans to allocate an additional US$4 billion (IDR 72.55 trillion) in capital expenditure through 2033.According to the third-quarter 2026 earnings report released by its parent company, Freeport-McMoRan (FCX), on October 27, 2026, development of the Kucing Liar mine has been underway since 2022. The project forms part of PTFI's long-term strategy to sustain large-scale mining operations in the Grasberg mineral district."The timing of the project's commencement of operations remains under review," FCX management stated in the report.Despite the ongoing review, PTFI's long-term mining plan targets a production ramp-up at Kucing Liar beginning around 2030. The underground mine is designed to process approximately 130,000 metric tonnes of ore per day."PTFI's long-term mining plan includes ramping up production at Kucing Liar beginning around 2030, with a design capacity of approximately 130,000 metric tonnes of ore per day," management stated.At full capacity, Kucing Liar is expected to produce approximately 750 million pounds of copper and 735,000 ounces of gold annually. The additional output is expected to support the continuity of large-scale mining operations across the Grasberg complex.In terms of investment, PTFI had spent approximately USD 1.6 billion (IDR 29.02 trillion) on the development of Kucing Liar as of the end of September 2026. The company estimates that an additional USD 4 billion (IDR 72.55 trillion) will be required through 2033.This brings the total investment already made and projected for the project to approximately USD 5.6 billion (IDR 101.57 trillion).Management expects the remaining capital expenditure to average approximately USD 500 million (IDR 9.07 trillion) annually through 2033.The development of Kucing Liar is one of PTFI's strategic projects aimed at maintaining long-term copper and gold production as mining operations across the Grasberg complex continue to evolve. Under normal operating conditions, PTFI's underground mines collectively have the capacity to produce approximately 1.7 billion pounds of copper and 1.3 million ounces of gold annually.With its planned production capacity, Kucing Liar is expected to become a significant addition to PTFI's underground mining portfolio, supporting sustained mineral production in the Grasberg complex over the long term.

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